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INX to List First Digital Security Token on the Canadian Securities Exchange

Registered in Gibraltar, the digital asset trading company INX has applied for a listing of its security token over the Canadian Securities Exchange (CSE).

“Exchange for Entrepreneurs”

As a result of the approval, the digital security token of INX known as INX Token will be the first to list on a traditional exchange. After listing on the Canadian Securities Exchange, known as “exchange for entrepreneurs,” there are chances of a strong bridge between digital firms and traditional institutions, and it will be a great milestone for the crypto industry.

INX trading platform is currently undergoing an IPO for its security token INX Token. According to the company, they will raise $117 as a result of IPO but still, the funding phase is going on. As of October 27, the company has raised only $10 million, which is very low as compared to the total projected value of $117 million.

The Token is Selling at $0.90

The INX Token is currently selling at $0.90 to both institutional and retail investors. People who are interested to invest in INX Token can purchase it at a rate of $0.90 with a minimum investment of at least $1,000. Many traditional or publicly trading firms have employed blockchain technology in their operations. But with the entry of INX, it will be the SEC-registered digital security token to be registered on a traditional exchange.

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According to Shy Datika, co-founder and president of INX, new opportunities will be created in “cross-border trading and multi-listings” after entry of digital securities in the space. In this new era, each listing securities can be traded on multiple exchanges.

According to Richard Carleton, CEO of the Canadian Securities Exchange:

“Digital securities represent a logical evolution in how investment instruments are constructed, issued, and traded on a regulated marketplace.”

After making a successful IPO, the company will strive to build a regulated digital assets trading platform. According to the firm, it will acquire Openfinance Securities, which is known as “a broker-dealer.” After the acquisition, the users of both firms will reach 10,000.

The CSE is also focused to create a “digitized capital markets environment.”

Hassan Mehmood (Saudi Arabia)

Hassan is currently working as a news reporter for Tokenhell. He is a professional content writer with 2 years of experience. He has a degree in journalism.

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